CLH12 – March Crude (Last:97.37)

March Crude (CLH12) price chart with targetsThe news media have gotten revved up about a possible pre-emptive strike by Israel on Iran’s A-bomb facilities, but if it were imminent crude would be warning us by moving higher rather than lower (just as it did, mysteriously, two months before the U.S. invasion of Iraq). So that we can tune out the hysterical noise, we’ll want to keep close tabs on the March contract by setting a screen alert at 103, somewhat below December’s high, to warn of an impending conflagration.  Incidentally, Rick’s Picks subscribers receive real-time alerts about such things. Want to try a free trial subscription? Click here.